The Turkish Sultan has been asking for trouble for a long time. He kept attacking all kinds of destinations, including Europe, and kept spitting in their face, and none of European politicians objected, they seem to have been perceiving Erdogan’s spitting in their faces as their job description. Their IQ isn’t probably higher than 130, they do not assume working out any conception, they just serve their capital loyally, having their interests in Turkey.

After the stabilization of Trump’s administration, the USA started applying a plan against Turkey. Finally. The plan has been in existence for a long time but it was hidden in a drawer somewhere. It aims at destroying the power of Recep Tayyip Erdoğan’s power. It can be done only through economy. They have removed dust from the plan recently. Why did they do it now? One of the reasons is that the USA aim at imposing some harder sanctions on Iran, and there are three countries that could devaluate the sanctions, i.e. China, Russia, and Turkey. Turkey, as a neighbouring country, could be most influential of the three, as it happened in the past already, the USA do not intend just to pretend imposing sanctions, they want to do it in reality.

It is also the reason why they banned export of weapons for Turkish Police in recent months. Last week the USA imposed sanctions on two ministers of Erdogan’s government, namely Interior Minister and Minister of Justice, they also imposed tax on steel imported from Turkey, which had been tax-free before, the result is terminating Turkish import worth 1.5 billion USD.

Because of the USA and Germany, Turkey became a significant exporter of weapons but the weapons were either made under licence, some parts, like the engines or electronics originate from the USA, so Turkey needs US approval for exporting each of the commodities, according to international law on arms trade. This year, for example, Turkey signed contract with Pakistan regarding sale of 30 battle helicopters worth 1.5 billion USD but they will not be given US permission so they will not be able to export them. Pakistan entitled to sue Turkey, which both Pakistan and other customers will happily do, for sure… They are just examples showing how big the impact on Turkish economy will be, it will be long-term impact as Turkey will lose credibility as a reliable supplier of weapons.

Years ago, the USA and other NATO members made a kind of consortium regarding production of post-modern fighter planes F 35, and at the same time they ordered 100 pieces, some parts were produced in Turkey, are being delivered in the ranks of the consortium. The first items were handed over officially three weeks ago, however they were not transferred finically. Last week the American Senate  banned delivery of those fighters, as soon as Mr. Trump signs the document, the delivery will be interrupted. Mr. Trump will be happy to sign that. On his Twitter last week he made it clear that Turkey can expect sanctions. For the first time, during the history of NATO, a country – in this case the most powerful one – is imposing sanctions on the second strongest army in NATO. The game is over!

And what about Turkish economy? Since the beginning of the secret war between the USA and Turkey (it has been an open war already) the Turkish Lira lost more than 22 per cent of value to the dollar, within a few months. After imposing sanctions on the two ministers of Erdogan it has lost over 3 per cent within a few hours! The National Bank of Turkey is not able to stop so fast decline of the Turkish Lira. Turkey raised interest rate up to between 16 and 19 per cent in an attempt to stop the outflow of foreign assets! Thus they provoked inflation which climbed up to 15 per cent in a few weeks!  And that is just the beginning!

During the past few weeks all of rating companies lowered points of Turkey in all fields of economy, from banks to logistics. Turkey has lost 20 points in the scale in logistics, and it is on 47th place in the world, i.e. it is somewhere behind Vietnam.

The American Court has been working on the decision regarding the punishment of the Turkish National Bank HALBANK. Zarrab, an Azerbaijan playboy, fingered his adoptive father to American investigators and then to the court. He admitted that they had infringed the sanctions against Iran and that they had been infringing them for years. The jury recognized him as guilty in 5 points out of 6 in the indictment. The amount of the punishment can be decide by the court itself, not by jury, in accordance with American laws regarding courts and judges. The American judge should have made the decision some tome by 12 April this year but the right time probably has not come so he has been still postponing it.

The fine imposed on the French bank BNP for a similar offence was about 10 billion USD. We can only guess what will be the judge’s assessment now that the time for the decision has come. Even if the judge imposed the fine worth just a few billion, in this case the Turkish National Bank is involved, not just a private bank, such as the BNB. Thus the Turkish National Bank is losing its credibility in the banking world more than never before. The Turkish banks are more dependant on foreign investors than any other banks of any country are in the whole of our planet…

Which accountable manager, director or authority of international funds would be able to invest in Turkey while even some ministers of the Turkish government have been sanctioned by the USA!

After 15 years the “Turkish economy” (in the meaning of chaos and loss) has been coming back into Turkey, which cannot lead to anything else but collapse of Turkish economy. That might even open the path to democracy…